""Transit conditions, toll arrangements, and the legal framework for passage remain undefined. The strait has not reopened; it is in a supervised pause.""
""Coordination with Iranian armed forces is still required for all transits. Iran has confirmed this operates 'within technical limitations' without specifying what those are.""
""Shipping behavior reflects that uncertainty. Movements are dominated by smaller, risk-tolerant operators, while mainstream oil majors and large global shipping firms remain absent.""
""Windward said it could take weeks to move stranded oil and gas cargoes and months for global trade to reach pre-crisis levels, even in a best-case scenario.""
The two-week ceasefire between the US and Iran has not led to normal shipping conditions in the Strait of Hormuz. Traffic remains low, with only 11 vessels transiting the strait on the day before the ceasefire was announced. Coordination with Iranian forces is still required for all transits, and insurance constraints hinder the return of larger shipping firms. It may take weeks to move stranded cargoes and months for trade to return to pre-crisis levels.
Read at www.businessinsider.com
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